The Soapbox

VisorBoy Hokie

Joined: 12/28/2002 Posts: 207
Likes: 108


Define 'favors the rich'?


Based on CNN's tax calculator, larger tax decrease occurs for those who:
- Earn $40-75k
- Do not itemize
- Head of Household, 1 child

...vs. those who:
- Earn $500k+
- Itemize
- Live in a low-tax state (data not available for high-tax states, but effect would be worse)
- Head of Household, 1+ child

I'd say the tax plan is pretty equitable as these things go.

(In response to this post by DanTheFan)

Link: CNN's tax bill calculator


Posted: 12/27/2017 at 5:23PM



+0

Insert a Link

Enter the title of the link here:


Enter the full web address of the link here -- include the "http://" part:


Current Thread:
 
  
The list of companies giving bonuses is growing rapidly -- TomKazanski 12/26/2017 12:19PM
  Meanwhile, AT&T laying off 1,500-2,000 workers ** -- DanTheFan 12/26/2017 9:57PM
  They can become coal miners. ** -- HoosWillWin 12/27/2017 08:37AM
  ... or steel mill workers. -- HowieT3 12/27/2017 10:57AM
  DSL, Call Centers, Direct TV -- DanTheFan 12/27/2017 09:43AM
  I doubt he actually cares ** -- hoothat 12/26/2017 10:27PM
  No. It is not great news for the people. -- DanTheFan 12/26/2017 7:32PM
  Define 'favors the rich'? -- VisorBoy Hokie 12/27/2017 5:23PM
  Yes. It's all about you. -- DanTheFan 12/27/2017 10:08AM
  Really? How so? personally I'm having a hard time -- 111Balz 12/27/2017 08:27AM
  It’s not helping anyone but the rich? ** -- Hokieesith 12/26/2017 10:30PM
  I agree with you -- NJHoo 12/26/2017 10:28PM
  Free money for everyone - everyone wins - no downside ** -- FfxStationHokie 12/26/2017 8:42PM
  Free lunch on your right! ** -- Shenhoo 12/26/2017 9:13PM
  This is a win for the GOP, for business -- walkthecorner 12/26/2017 4:10PM
  Gee, I never heard of that : -) ** -- NJHoo 12/26/2017 10:29PM
  What i enjoy about this.... -- psychobilly 12/26/2017 12:59PM
  Every large company has a 2018 budget set by now. -- 111Balz 12/26/2017 7:01PM
  I agree 100% with your last two sentences. -- WahooMatt05 12/26/2017 1:32PM

Notice: Trying to get property 'queue' of non-object in /data/www/sportswar.com/wp-includes/script-loader.php on line 2781

Warning: Invalid argument supplied for foreach() in /data/www/sportswar.com/wp-includes/script-loader.php on line 2781
vm307